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Two community banks have repaid the Troubled Asset Relief Program.
December 11
Virginia Commerce Bancorp (VCBI) in Arlington is considering selling itself.
The $3 billion-asset company said Monday its board would review various alternatives to increase shareholder value, including a possible sale. "The company has not set a definitive timetable for completion of its evaluation and there can be no assurance that this process will lead to the pursuit, approval of any transaction or other strategic initiative," the company said in a press release Monday.
The company, which has 28 branches around Washington, earned $7.1 million in the third quarter. Last month, Virginia Commerce
Virginia Commerce has hired Sandler O'Neil and Partners to oversee the review.